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...Qualitative versus quantitative risk analysis which is better both and assessments are effective when used for the appropriate applications focused on quantity of an object event or action typically uses numerical data to analyze combined risks uncertainty a project other hand quality that quicker way two establishing priorities completed prior excellent method add more specificity after if required can assess individual be evaluate effects provide overall assessment easy implement across larger projects multiple areas business quick information time consuming detailed subjective levels in text low values medium high color coded has population with some sampling methodology combination regardless system established implemented it important senior management assure process identifies hazards situations associated activity evaluates controls monitors effectiveness actions taken effectively manage also needs adequate resources assign personnel they need review at planned intervals access ...